Point and Figure Charting Message Board

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Strategies & Market Trends : Point and Figure Charting

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To: Ms. X who wrote (4988)	7/22/1998 5:15:00 PM
From: Paul V.	Read Replies (4) of 34811

Jan, Duke and others, Even point and figure charting can't project the downside of a stock sometimes. Look at the CA chart two days ago and you will see that it broke a triple top of $59 and hit $61 and within the med range on the DW chart. DW had it rated as: Symb Price Sector & Status RS Sig RS Col Trend P&F Sig Mom Mom Wks Ptrn CA 57-1/2 Software Bull Confirmed 44+ Buy X + Buy + 4 Triple Top Did you or others see anything in the ca Chart, etc. which I have overlooked that would have indicated such a drop from $61 two days ago to a low of $37.125 today, a drop of $23.875? I sure did not see it coming. Just trying to increase my skills and projections. Thanks for your info. Paul V.

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